Ireland still refuses to tax multinational corporations

Ireland still refuses to tax multinational corporations

The Irish finance minister on Thursday reiterated Ireland’s urge to reject the tax demanded by the G20.

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Negotiations promise to be tense. On Thursday, July 15, Ireland expressed strong opposition to the imposition of a global tax on multinational corporations. G20 and 132 countries refused to sign the ratified text.Organization for Economic Co-operation and Development (OECD).

The country is growing at a corporate tax rate of 12.5% “Projects are not supported as they are”, Means the Irish finance minister Paschal Donohue, who was questioned by the RTE channel.

“A deal that Ireland could not attend at the table of money”The rate is 12.5%, the minister said “Is an important factor” Irish economic policy “For decades”. If the country raises rates, it will create “Problems” He adds for companies that have invested in Ireland, including several multinationals.

The G20 plans to impose a global tax of at least 15% on the profits of the largest international companies and to further distribute the right to tax these companies more equally. The details of this reform should be discussed within the framework of the OECD by October Work of art From 2023.

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